State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said that the company has closed its Liwa Plastic Industries Complex’s USD3.8 billion project financing facility for its USD6.5 billion project. This follows Orpic’s December 2015 announcement of the successful award of engineering, procurement and construction (EPC) contracts to deliver its landmark Liwa Plastics Industries Project (LPIC), according to a press statement. LPIC financing has been supported by export credit agencies representing the governments of Italy (SACE Cdp), the Netherlands (Atradius Dutch State Business), Korea (K-Exim and K-Sure), the United Kingdom (UKEF) and Germany (Euler Hermes), along with 19 international, regional and local commercial lenders. Commissioning of the LPIC Project is scheduled for 2020. (Times of Oman)